Azerbaijan

Urals crude differentials to outdated Brent were steady on Tuesday, while Russia added 2 more oil freights to its packing strategy from western ports in March, enhancing overall crude exports by a total of 13% from the preliminary strategy due to a fall in processing. * The nation will export a total of 2.22 million barrels each day (bpd), up from the preliminary strategy of 1.96 million bpd after adding 2 730,000-barrel Urals oil freights on top of additions made earlier. * Oil prices rose to multi-month highs for the 2nd directly session on Tuesday, as traders assessed how Ukraine's....

Urals unrefined differentials to dated Brent were unchanged on Wednesday, while more Russian oil refineries were attacked by drones. * Ukraine's SBU security service performed drone attacks on 3 Russian oil refineries in Ryazan, Kstovo and Kirishi overnight as part of a technique to reduce Russia's financial potential, a Ukrainian source informed on Wednesday. * Russia's Ryazan oil refinery shut down two primary oil refining units on Wednesday after a fire brought on by a drone attack, two sources familiar with the situation informed . * An unexpected decline in Russian oil refining may lead to top ups to Russia's...

Urals crude differentials to outdated Brent firmed on Wednesday amid greater rates for the grade in India for cargoes filling early in March, traders said. * Urals discounts narrowed listed below $4 a barrel to outdated Brent on a delivered ex-ship (DES) basis in Indian ports, from minus $ 4-5 a barrel for February loading cargoes, they included. * Shipping costs from Baltic ports to India stood steady at around $7.5 million-$ 8 million per voyage. PLATTS WINDOW * There were no quotes or offers for CPC Blend, Azeri BTC or Urals oil in the Platts window on Wednesday. NEWS...

Urals crude differentials to dated Brent were the same on Wednesday, while premiums for Azeri BTC oil alleviated further. * Premiums for Azeri BTC oil continued to compromise amid lower demand for April barrels due to seasonal refinery maintenance in Mediterranean area, traders stated. * Oil loadings from Russia's western ports from March 20-31 are anticipated to exceed 2.5 million barrels per day (bpd) and hit the greatest level since April 2022, according to market and trading sources, along with estimations. * India's Dependence Industries, operator of the world's biggest refining complex, will not buy Russian oil packed on tankers...

Urals unrefined differentials were unchanged to outdated Brent on Tuesday, while output on Kazakhstan's huge Kashagan oil field was down. Output at the Kashagan oil field fell to 30,342 metric loads on April 1 from 52,390 tons a day previously, two sources familiar with the data informed on Tuesday. Oil from the Kashagan field is provided to the Caspian Pipeline Consortium (CPC) system, so the decrease in its output may result in lower CPC Blend oil exports, traders said. PLATTS WINDOW * There were no quotes or deals for Azeri BTC, CPC Blend or Urals oil in the Platts window...

Urals unrefined differentials to outdated Brent were stable on Tuesday, while the head of Russia's top carrier Sovcomflot said the business's tanker activities were restricted by U.S. sanctions. Sanctions have affected the company's operations, limiting. our location and commercial prospects, Sovcomflot CEO Igor. Tonkovidov informed press reporters. The U.S. enforced sanctions on Sovcomflot on Feb. 23 as. Washington seeks to reduce Russia's earnings from oil sales that. it can utilize to support its military actions in Ukraine. The Majority Of April-loading Urals oil freights have been placed. with end users and trading activity was low, traders stated. The Caspian Pipeline...

Urals unrefined differentials were steady on Wednesday, while CPC Blend oil relieved further to dated Brent after a deal and stayed at the lowest levels in 2 months. * Azeri BTC petroleum exports from Turkey's Ceyhan terminal are set at 18.40 million barrels in June compared to 16.50 million barrels in May, according to a loading schedule seen . * CPC Blend's loading plan for June is expected to be launched later this week or early next week. PLATTS WINDOW * Azerbaijan's SOCAR sold to Petroineos 88,000 metric heaps of CPC Mix filling from Yuzhnaya Ozereyevka on May 29 -...

Urals unrefined differentials to dated Brent were unchanged on Monday, while Marchloading freights were provided in the market. Sellers actively provided Urals oil loading from Russian ports in March, though traders did not hurry to make offers as they attempted to approximate possible result from the current U.S. sanctions imposed on Russian oil shipping business Sovcomflot and tankers. The sanctions might increase Russian oil shipping costs and weigh on tanker schedule, traders stated. PLATTS WINDOW There were no bids or offers for CPC Blend, Azeri BTC or Urals oil in the Platts window on Monday. NEWS * A slump in...

Urals crude differentials to dated Brent were constant on Wednesday, while a freight of CPC Blend was offered in the Platts window above the latest price estimates for the grade, traders stated. * Russia's petroleum exports and transit from its western ports are seen at around 8.2 million loads (2.1 million barrels daily) this month, in line with market projections. * The March packing prepare for Russia's western ports was sluggish to emerge. PLATTS WINDOW * Mercuria used 88,000 tons of CPC Blend for packing March 18-23 at dated Brent minus $3.05 a barrel, but there was no interest. *...